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Black Knight: U.S. Home Prices Up 7 Percent In March

May 27, 2014 | Reprints | Unlock Link | Print

U.S. home prices rose 7.6 percent in March compared with last year, rising to an average price of $233,000, according to a new report from Black Knight Financial Services.

Black Knight’s Home Price Index (HPI) rose 1 percent compared with February. Overall, U.S. home prices are now 12.8 percent below their peak in June of 2006, according to the index.

Massachusetts was below the national average for price growth in March, according to Black Knight, with the HPI rising 0.7 percent more than February and 5.2 percent more than March 2013, to $329,000. Bay State home prices remain 9 percent below their August 2005 peak of $361,000, according to the index.

Two cities in Massachusetts were among the bottom ten U.S. metros for price growth in March, Worcester (up 0.2 percent) and Springfield (up 0.2 percent).

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